Adhesives Sector: Unravelling Growth Opportunities and Emerging Trends across Sub-Markets

What is the current state of the adhesives industry?

The global adhesives market is currently exhibiting steady growth, reinforced by an array of diverse applications spanning across numerous industries such as packaging, construction, automotive, and electronics amongst others. The increasing demand for high-performance adhesives for various material-bonding applications in these industries suggests a robust growth trajectory for this market segment. This is further catalyzed by the expanding manufacturing sector triggered by emerging industrial trends and industry digitalization.

What growth opportunities exist in the adhesives market?

One major growth driver in the adhesives industry is the upswing of bio-based adhesives. Driven by mounting concerns over petroleum-based adhesives environmental footprint, the move towards more sustainable, bio-based adhesives offers significant, yet largely unexploited, opportunities for growth. Additionally, the ongoing technological advancements in adhesive formulations to enhance durability and performance are expected to stimulate further innovation and expansion of the market.

What are the emergent trends across sub-markets?

On a more granular level, distinct trends across sub-markets are dictating the adhesives industry landscape. For instance, the waterborne adhesives sub-market is experiencing a surge due to increasing health and environmental regulations. Similarly, the hot melt adhesives sub-market is being driven by their broad utility in the packaging sector. These trends not only emphasize the dynamic nature of this industry but also highlight the significance of such granular insights for companies looking to secure competitive positioning in the adhesives market.